Within CPTPP, Canada is the third largest importer for Vietnamese shrimp, making up 22% of Vietnam’s total shrimp export turnover into this market block. Also, Canada stands at 6th position for the single market importer, accounts for 6,3% of Vietnamese shrimp export to all markets.
After CPTPP came into effect in 2019, Vietnam’s shrimp export to Canada in 2020 reached 187 million USD, an increase of 23% from 2019. In 2021, this figure was recorded at 18% compared to 2019. Up to the first half of May 2022, shrimp export from Vietnam to Canada had recorded the growth rate of 87% compared to 2021’s same period - the highest growth rate in comparison to other markets in CPTPP block.
Before 2020, Vietnam shrimp exports to Canada was quite stable, fluctuated between 152 million to 162 million USD in the period from 2017 to 2019
Currently, there are about 80 companies exporting shrimp to Canada, in which the top largest exporters are: Minh Phu Seafood Corp, Minh Phu-Hau Giang seafood Joint Stock company, STAPIMEX, Vina Cleanfood, Cuu Long Seapro,…The shrimp category exported to Canada is quite diversed, with some mainly shrimp products: cooked whiteleg shrimp, frozen PDTO shrimp, frozen fresh whiteleg shrimp HLSO EZP; frozen deveined whiteleg shrimp HLSO; frozen fresh whiteleg shrimp HLTO EZP, frozen HLTO seasoned butterfly whiteleg shrimp; frozen fresh whiteleg shrimp (head off, tail off, PD), frozen steamed whiteleg shrimp PTO, frozen fresh black tiger shrimp …
According to Internation Trade Center (ITC), in the first three months of 2022, Canada’s total shrimp imports reached 161 million USD, up by 31% compared to the same period of 2021. India is the largest shrimp supplier for Canada, accounting for 27% of the whole market shares. It is followed by Vietnam, China, Thailand, Ecuador. Among all the shrimp suppliers to Canada in these first three months, Ecuador’s shrimp export to Canada witnessed the strongest growth.
In recent years, Canada has consumed a lot of warm-water shrimp from Southeast Asian countries in the context of a decrease in the supply of cold-water shrimp. This can be considered a favorable factor for Vietnam's shrimp exports to Canada.
Canada has the policy of welcoming immigrants every year, in which the Asian immigrant group accounts for a high percentage. They are very fond of seafood including shrimp. Businesses can exploit this group of potential customers with diverse needs.
Also, the Canadian market applies no export quota, Canadian and Vietnamese seafood products are more reciprocal than direct competition. As Canada and the US trade accounts for 75% of Canada's total import-export turnover, products imported into Canada can have easy access to the US market and vice versa.
Compiled by My Hanh
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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